Moneycontrol
Last Updated : Jan 10, 2018 10:46 AM IST | Source: CNBC-TV18

Don't think 100% FDI in single brand retail to make big difference: Monte Carlo

Don't think 100 percent FDI in single-brand retail will make a big difference to the company, said Sandeep Jain, Executive Director of Monte Carlo Fashions in an interview to CNBC-TV18.

CNBC TV18 @moneycontrolcom

At a cabinet meeting later today, the government may allow 100 percent foreign direct investment (FDI) in single-brand retail through automatic route - under current mechanism, government's nod is needed for more than 49 percent FDI in single-brand retail.

Don't think 100 percent FDI in single-brand retail will make a big difference to the company, said Sandeep Jain, Executive Director of Monte Carlo Fashions in an interview to CNBC-TV18.

He further said that many foreign companies already have joint ventures (JVs), partnership or some licensing arrangements with domestic companies.

"The brands are already present and the working culture will not change but a few brands, which wanted to come in India might think of putting up stores in India," he added.

Watch accompanying video for more details.
First Published on Jan 10, 2018 10:37 am

tags #Business

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